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| Version 2 | Version 3 |
|---|---|
| Cyprus bailout - in figures | Cyprus bailout - in figures |
| (about 1 month later) | |
| A former British colony, Cyprus became independent in 1960 following years of resistance to UK rule. There are still vast British military bases on the island covering 250 sq km, which are home to thousands of British soldiers. An estimated €2bn (£1.71bn) of British deposits are held in Cyprus, including accounts for 3,000 military personnel and 250 civil servants. | A former British colony, Cyprus became independent in 1960 following years of resistance to UK rule. There are still vast British military bases on the island covering 250 sq km, which are home to thousands of British soldiers. An estimated €2bn (£1.71bn) of British deposits are held in Cyprus, including accounts for 3,000 military personnel and 250 civil servants. |
| Tens of thousands of Russians also bank in Cyprus to avoid tax, and more than a third of the country's total deposits are held by non-residents. | Tens of thousands of Russians also bank in Cyprus to avoid tax, and more than a third of the country's total deposits are held by non-residents. |
| Cyprus is one of the smallest economies in the eurozone, ranked 15th out of the 17 member states in terms of GDP. | Cyprus is one of the smallest economies in the eurozone, ranked 15th out of the 17 member states in terms of GDP. |
| In numbers | In numbers |
| Deposits held by non-residents in Cypriot banks: 37% of total | Deposits held by non-residents in Cypriot banks: 37% of total |
| GDP: €15bn, or 0.2% of eurozone GDP | GDP: €15bn, or 0.2% of eurozone GDP |
| Economy: third smallest in the eurozone (only Malta and Estonia are smaller) | Economy: third smallest in the eurozone (only Malta and Estonia are smaller) |
| Government debt: €14bn, or 75% of GDP | Government debt: €14bn, or 75% of GDP |
| Unemployment: 14.7% (January 2013) | Unemployment: 14.7% (January 2013) |
| Population: 1.1 million | Population: 1.1 million |
| Area: 9,200 sq km (about three-quarters the size of Yorkshire) | Area: 9,200 sq km (about three-quarters the size of Yorkshire) |
| Life expectancy: 78 | Life expectancy: 78 |
| Sources: IMF, World Bank, Eurostat, CIA World Factbook, Central Bank of Cyprus | Sources: IMF, World Bank, Eurostat, CIA World Factbook, Central Bank of Cyprus |
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